JD, pretty much agree with everything you said. Market forces and bad things are only allowed to happen to people who aren't politically connected.
GM is a good example. I lost everything on my GM stock which was a substantial part of my retirement plan. However, external_link did not make the unions take the same hit as I did. in fact, he REWARDED them by giving them a big chunk of the company to be used to pay for their lifetime health care (another benefit that very few of us get).
He touts that GM was "too big to fail" but the reality is that the pieces would have been bought and cars would still have been made under the same brand name as before. Chevy is a very valuable brand name. Instead, external_link ignored bankruptcy law, kept the UAW members whole (their contracts should have been ripped up), protected them over SECURED CREDITORS. Oh yeah, ask a UAW member and they'll tell you about their "sacrifices" of a 2 tier wage (doesn't affect them one bit) or loss of a few vacation days or holidays(out of the dozens they get.
Same thing with the banks. Every bank that made poor decisions should have been allowed to fail. Unfortunately, a lot of the "poor decisions" related to the housing bubble (sub-prime loans) were forced on them by Congress. I believe that's why they were bailed out (because Congress would have had egg on their faces for the bad results initiated by the CRA).
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
